Honey Baked Ham Co at Towne Center Brookhill | 8900 Wadsworth Pky
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Honey Baked Ham Co at Towne Center Brookhill 8900 Wadsworth Pky
3,880 SF Retail Building Westminster, CO 80021 $1,687,000 ($435/SF) 5.75% Cap Rate
Investment Highlights
- Tenant has operated at this location since 1995
- New Roof installed in 2020
- Tenant executed a 10-year renewal March 2024
Executive Summary
CBRE, Inc. is pleased to exclusively offer a HoneyBaked Ham Company retail location in Westminster, Colorado (Denver MSA). The offering is inclusive of a triple-net lease with 10 years remaining on the lease term and two 5-year automatic renewal options. The lease is corporately secured by The HoneyBaked Ham Company, LLC.
The Offering features a 3,880-square foot freestanding retail facility built in 1985. The Property is located adjacent to the Towne Center at Brookhill, a 26.85-acre retail development that features an array of daily need goods and services, discount soft goods merchandise, entertainment and quick-serve dining, making it a top destination for local and regional consumers.
The location benefits from a hard corner, lighted entrance off of Wadsworth Blvd and high barriers to entry in a entirely built out retail trade area. With convenient access along two of the main traffic arteries in Westminster, West 88th Ave and Wadsworth Blvd, drive by exposure is over 80,750 vehicles per day. This strategic location is just 2 miles from the US 36 and Sheridan Avenue interchange, midway between Denver and Boulder on the US 36 tech corridor.
HoneyBaked Ham Company is an American food retailer that sells pre-cooked entrees featuring their famous spiral-cut hams. Founded in 1957 by Harry Hoenselaar in Detroit, Michigan after he invented the first spiral-slicing machine. The chain has grown to over 440 locations across 40 states in the U.S.
HoneyBaked Ham Co is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
The Offering features a 3,880-square foot freestanding retail facility built in 1985. The Property is located adjacent to the Towne Center at Brookhill, a 26.85-acre retail development that features an array of daily need goods and services, discount soft goods merchandise, entertainment and quick-serve dining, making it a top destination for local and regional consumers.
The location benefits from a hard corner, lighted entrance off of Wadsworth Blvd and high barriers to entry in a entirely built out retail trade area. With convenient access along two of the main traffic arteries in Westminster, West 88th Ave and Wadsworth Blvd, drive by exposure is over 80,750 vehicles per day. This strategic location is just 2 miles from the US 36 and Sheridan Avenue interchange, midway between Denver and Boulder on the US 36 tech corridor.
HoneyBaked Ham Company is an American food retailer that sells pre-cooked entrees featuring their famous spiral-cut hams. Founded in 1957 by Harry Hoenselaar in Detroit, Michigan after he invented the first spiral-slicing machine. The chain has grown to over 440 locations across 40 states in the U.S.
HoneyBaked Ham Co is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,880 SF
Building Class
B
Year Built
1985
Price
$1,687,000
Price Per SF
$435
Cap Rate
5.75%
NOI
$97,003
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
PUD - Commercial
Parking
35 Spaces (9.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 29-234-03-011 | Improvements Assessment | $1,081,706 |
| Land Assessment | $3,062,700 | Total Assessment | $4,144,406 |
PROPERTY TAXES
Parcel Number
29-234-03-011
Land Assessment
$3,062,700
Improvements Assessment
$1,081,706
Total Assessment
$4,144,406
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Honey Baked Ham Co at Towne Center Brookhill | 8900 Wadsworth Pky
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